The GBP/USD pair initially tried to rally during the course of the week but had a bit of trouble at the 1.47 handle. By doing so, we pulled back and
The GBP/USD pair initially tried to rally during the course of the week but had a bit of trouble at the 1.47 handle. By doing so, we pulled back and formed a shooting star, and as a result it’s likely that we will pull back slightly from here. However, there is a lot of support underneath that should continue to push this market to the upside. A break above the top of the range for the week should be reason enough to go long, but it might be easier to do off the daily chart.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
